MELBOURNE, AUSTRALIA: Swoop Holdings Limited’s wholly owned subsidiary has agreed to acquire Countrytell Holdings Pty Ltd, a regional connectivity provider based in Newcastle, New South Wales for $4.2 million. The consideration includes $1.47 million in cash at completion; $2.1 million to be satisfied by the issue of fully paid ordinary shares of Swoop; and $0.63…
Author: Chenos Kahn
Big River to pay $10.5mn for United Building Products
SYDNEY, AUSTRALIA: Big River Industries Ltd has entered into an agreement to acquire the trading business and assets of United Building Products located in the growth region of Wollongong in the NSW Illawarra. The acquisition is subject to customary conditions precedent, which the Company expects willbe met in the ordinary course, and is expected to…
Energy trading software provider to acquire EGSSIS for €4.25mn
SYDNEY, AUSTRALIA: Energy One, global supplier of Energy Trading and Risk Management (ETRM) software systems and services, has signed a share purchase agreement to acquire 100% of EGSSIS. The cost of acquisition is €4.25 million over 18 months. Based in Belgium, EGSSIS is an established, profitable company. The acquisition will be funded using existing facilities,…
AutoStore intends to launch $315 million IPO on Oslo Børs
NEDRE VATS, NORWAY: AutoStore NewCo Ltd. announced its intention to launch an initial public offering (IPO) and to apply for a listing on Oslo Børs. The IPO is expected to comprise an offering by the Company of newly issued shares to raise gross proceeds of approximately USD 315 million, mainly to reduce the financial leverage…
Faurecia offers €60/share in cash for Hella public takeover
PARIS, FRANCE: Faurecia, with its wholly owned subsidiary Faurecia Participations GmbH as bidding entity, today published the offer document for its voluntary public takeover offer in cash for all outstanding shares of Hella, a major automotive player in lighting and electronics based in Lippstadt, Germany. The offer price is €60.0 per share in cash. This…
Automotive Cells Company to increase capacity to 120GWh by 2030
PARIS, FRANCE: The Automotive Cells Company (ACC) has committed to increase its industrial capacity to at least 120 GWh by 2030, as Mercedes-Benz has joined Stellantis and TotalEnergies as a new partner in ACC. The transaction is subject to agreement on definitive documentation and customary closing conditions, including regulatory approvals. Automotive Cells Company (ACC) results…
Paragon ID acquires business and assets of Electronic Data Magnetics
PARIS, FRANCE: Paragon ID, leading provider of identification solutions, has acquired the business and assets of Electronic Data Magnetics Inc., (EDM) in US, a bourse filing said. Founded in 1983 by the Hallman family, EDM grew to become America’s biggest manufacturer of tickets for the Mass Transit market. Electronic Data Magnetics (EDM) manufactures and markets…
Inventia sells $30mn worth of American Depositary Shares
PARIS, FRANCE: Inventiva, a clinical-stage biopharmaceutical company, has completed sales of 2.083 million American Depositary Shares (ADS) pursuant to the company’s ATM program established on August 2, 2021, through Jefferies LLC. Each American Depositary Shares (ADS) represents one ordinary share of the company. In the ATM sales, an aggregate of 2,083,334 new American Depositary Shares…
Caledonia acquires Maligreen project in Zimbabwe
ST HELIER: Caledonia Mining Corporation has entered into an agreement to purchase the mining claims over the Maligreen project, a property situated in the Gweru mining district in the Zimbabwe Midlands, from Pan African Mining (Private) Limited, a privately-owned Zimbabwean company, for a total cash consideration of US$4 million. The property is estimated to contain…
iliad Group to acquire cable operator UPC Poland for €1.53 billion
PARIS, FRANCE: iliad Group and Liberty Global have entered into an agreement for Play – a subsidiary of iliad Group – to acquire 100% of the share capital of UPC Poland for an enterprise value of PLN7.0 billion (€1.53 billion). Transaction rationale The acquisition of UPC Poland represents Iliad’s next step in the Polish telecoms…
Alstom and Plastic Omnium to design hydrogen storage for railway
PARIS, FRANCE: Alstom and Plastic Omnium have signed a Memorandum of Understanding (MoU) to collaborate on the development of high-end hydrogen storage systems for the railway sector. Alstom and Plastic Omnium will cooperate and combine their complementary know-how and capabilities in their respective domains. A dedicated team has been set up to manage the technical…
Pernod Ricard agrees to buy The Whisky Exchange
PARIS, FRANCE: Pernod Ricard has signed an agreement for the acquisition of The Whisky Exchange, a leading spirits online and physical retailer and a reference for global whisky and fine spirits lovers, a news release said. Since its creation by Sukhinder and Rajbir Singh in 1999, The Whisky Exchange, based in the UK, has become…